Search
 

Bklyn Industrial Getting “Unheard Of” Rents

NEW YORK CITY—The borough's shift away from industrial space toward more commercial uses may be great for developers but it's meant trouble for tenants, broker Jakub Nowak of Marcus & Millichap tells GlobeSt.com in this EXCLUSIVE interview.

By Rayna Katz | Updated on September 11, 2015

NEW YORK CITY—The needs of today’s local CRE market have made the frequent conversions of Brooklyn’s warehouses and other industrial properties into hotels, retail properties or apartments very logical and, on the whole, beneficial to the borough. But what do those changes mean for industrial tenants being displaced?

GlobeSt.com sat down EXCLUSIVELY with Jakub Nowak, associate real estate broker, industrial investments at Marcus & Millichap, to discuss the toll of this trend on industrial occupiers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.